Childrens Place Inc (PLCE) to Post FY2019 Earnings of $8.26 Per Share, SunTrust Banks Forecasts

Childrens Place Inc (NASDAQ:PLCE) – Research analysts at SunTrust Banks boosted their FY2019 EPS estimates for shares of Childrens Place in a research report issued on Thursday, August 23rd. SunTrust Banks analyst P. Quintiliano now expects that the company will earn $8.26 per share for the year, up from their previous forecast of $8.05.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The firm had revenue of $448.70 million during the quarter, compared to the consensus estimate of $427.89 million. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 earnings per share.

PLCE has been the subject of a number of other research reports. BidaskClub upgraded Childrens Place from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Wedbush began coverage on Childrens Place in a research note on Thursday, July 12th. They issued an “outperform” rating and a $150.00 price objective for the company. UBS Group upgraded Childrens Place from a “market perform” rating to an “outperform” rating in a research note on Monday, May 14th. ValuEngine cut Childrens Place from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Finally, Citigroup boosted their price objective on Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Childrens Place currently has a consensus rating of “Buy” and an average price target of $147.08.

Shares of PLCE opened at $134.55 on Monday. Childrens Place has a 52-week low of $99.90 and a 52-week high of $161.65. The company has a market capitalization of $2.29 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.40.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Wednesday, September 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, September 4th. Childrens Place’s dividend payout ratio is currently 25.28%.

In other Childrens Place news, SVP Anurup Pruthi sold 14,512 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $128.39, for a total value of $1,863,195.68. Following the completion of the sale, the senior vice president now owns 15,721 shares in the company, valued at $2,018,419.19. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its stake in shares of Childrens Place by 11.6% during the second quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock worth $592,000 after purchasing an additional 423 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Childrens Place by 1.2% during the second quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock worth $4,456,000 after purchasing an additional 427 shares during the last quarter. Cambria Investment Management L.P. raised its stake in shares of Childrens Place by 2.7% during the first quarter. Cambria Investment Management L.P. now owns 16,824 shares of the company’s stock worth $2,275,000 after purchasing an additional 438 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Childrens Place by 36.3% during the first quarter. Glen Harbor Capital Management LLC now owns 1,744 shares of the company’s stock worth $236,000 after purchasing an additional 464 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its stake in shares of Childrens Place by 3.0% during the first quarter. Chicago Equity Partners LLC now owns 16,220 shares of the company’s stock worth $2,194,000 after purchasing an additional 465 shares during the last quarter.

About Childrens Place

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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